GBP/USD Long-Term Uptrend (March 27, 2014)
GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame.
GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame.
The USD/JPY pair fell during the bulk of the session on Wednesday, but as you can see found enough support in order to turn things back around and bounce above the 102 level.
The AUD/USD pair rose during the session on Tuesday, breaking above the 0.9150 handle.
The EUR/USD pair tried to fall apart during the session on Tuesday, but as you can see the 1.3750 level offered enough support to push the market higher, and move it back enough to form a hammer.
The EUR/USD pair bounce during the session on Monday, breaking above the 1.38 level by the end of the day, but giving back quite a bit of the gains nonetheless.
The USD/JPY pair fell during the session on Friday, but stays above the 102 level to show signs of support.
EUR/USD recently broke below a key support zone around the bottom of the rising channel on the 1-hour time frame and the 1.3800 major psychological level.
The USD/JPY pair did very little during the session on Thursday, hovering just below the 102.50 handle.
The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.90 level to keep the market somewhat afloat.
EUR/USD is moving in an uptrend, as seen on its 1-hour time frame. It is making a test of the rising trend line connecting the lows of the price while stochastic is in the oversold zone.